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    Strategic management activities

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    What are the three activities or capabilities a firm should possess to support a low cost leadership strategy Can you give an example of a company that has done this?

    What are three activities or capabilities a firm should possess to support a differentiation-based strategy? Can you give an example of a company that has done this?

    How does strategic analysis at the corporate level differ from strategic analysis at the business unit level? How are they related?

    What are three types of opportunities for sharing that form a sound basis for diversification or vertical integration? Give an example of each from companies you have read about.

    What key concerns must functional tactics address in marketing? Finance? Production/operations management? Personnel?

    What is outsourcing? Why has it become a key element in shaping functional tactics within most business firms today?

    Explain each traditional organizational structure.
    Simple organizational structure
    Functional organizational structure
    Divisional structure
    Matrix organizational structure
    Product team structure

    Think about any two leaders you have known, preferably one good and one weak, They can be businesspersons, coaches, someone you work(ed) woth, and so forth. Make a list of five trait, practices, or characteristics that cause yo to consider one good and the other weak. Compare the things you chose with the seven factors used to differentiate effective organizational leadership in the first half of this chapter.

    This chapter describes seven attributes that enable good leadership -vision, performance, principles, education of subordinates, perseverance, passin and leader selection/development. Which one have you found to be the most meaningful to you in the leaders you respond to the best?

    Distinguish between strategic control and operating control. Give an example of each.

    How is the balanced scorecard related to strategic and operational control?

    What is the difference between incremental and breakthrough innovaction? What risks are associated with each approach?

    Why is continous improvemnet, and programs such as CC21 and SIX Sigma, a good way to develop incremental innovation?

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    capabilities a firm should possess to support a low cost leadership strategy Can you give an example of a company that has done this?

    Firms should possess the ability to achieve high asset turnover, achieve low direct and indirect operating costs, and possess control over the supply or procurement chain. These are the primary variables of a low cost leadership strategy. An example is the MELCOM company in GHANA.. The company has maintained its market share as a leader in the retail market by using semi-wholesale distribution with a large array of goods in stock that result in high asset turnover predicated upon controlling their supply chain, which results in low prices and high volumes.

    http://azizbampouri1.blogspot.com/2013/04/what-are-three-activities-or.html

    What are three activities or capabilities a firm should possess to support a differentiation-based strategy? Can you give an example of a company that has done this?

    A firm should possess the ability to create innovative outputs that translate into greater demand for the business's outputs, offer products that their competitors don't currently offer and cannot replicate, and develop e-commerce capabilities that excel above the competition and make it easier for customers to access their products.

    http://strategy-models.blogspot.com/2011/07/porters-differentiation-strategy-ways.html

    How strategic analysis at the corporate level differs from strategic analysis at the business unit level? How are they related?

    At the business level, strategic analysis is predicated upon creating, maintaining and using the organization's competitive advantages by analyzing the product line, target market and competition to make an accurate assessment of where the company has a competitive advantage. In reference to corporate level strategic analysis, this requires the business to analyze and identify opportunities that exist in different areas that are not affiliated with its original industry. This could result in diversification ...

    Solution Summary

    The three activities or capabilities a firm should possess to support a low cost leadership strategy are determined.

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